
Spanish oil and gas company Repsol-YPF praised its Argentine YPF associates and said he was hopeful that “soon” the company “would discover hydrocarbons in the Islas Malvinas waters”, as has happened in Brazil.

Fugro NV the world’s largest surveyor of sea-beds and deepwater for the mining and oil industries, said it doesn’t believe it broke the law when it carried out work near the Falkland Islands that has become the subject of an Argentine investigation.

Chilean Foreign Affairs minister Alfredo Moreno said Wednesday he would not make any further comments involving the serious controversy which erupted following Argentina’s decision to deny extradition of a Chilean guerrilla fighter charged with the killing of a Senator and kidnapping the son of a media owner in 1991 when democracy had been restored to Chile.

The International Monetary Fund warned of considerably high price index inflation and seemed sceptic of official GDP growth reports in Argentina as it presented its World Economic Outlook report, although it forecast a 7.5 percent growth, with a strong expansion partly due to the favourable global scenery and a strong trade with Brazil.

“Argentina seeks to service all its debts” said President Cristina Fernández de Kirchner following a meeting with German Chancellor Angela Merkel at the chancellery in Berlin. Mrs. Kirchner is on a three day high profile visit to Germany where she also met with President Christian Wulff in Berlin’s Bellevue Palace.

A leading Chilean Conservative Senator said on Tuesday it is going to be very difficult to have a confidence relation “with the Argentine government, the President and the Kirchner couple” and described Foreign Affairs minister Hector Timerman as someone who lacks “human and intellectual category”.

Chilean Argentine relations deteriorated seriously on Tuesday when the government of President Sebastian Piñera announced they were calling off a series of meetings at Foreign Affairs ministerial level following on Buenos Aires decision to grant political asylum to a former guerrilla fighter.

The differences between Chile and Argentina with regards to the ex guerrilla fighter Sergio Galvarino Apablaza Guerra's situation were clearly marked during the meeting between Chile's Foreign Minister, Alfredo Moreno, and Argentine Ambassador to Chile Ginés Gonzáles García.

An estimated 140 cruise vessels will be calling in Buenos Aires this coming 2010/2011 season and on arrival visitors will be greeted at a refurbished terminal which should be ready for inauguration in December.

The Argentine/Chilean bilateral relationship could be sailing into rough waters following reports in the Chilean press about the terms used by Buenos Aires to justify the non extradition of a former guerrilla Galvarino Apablaza Guerra accused of killing a Chilean senator in democracy.